The U.S. new-vehicle sales forecast improved to 17.42 million units in March, but sales fell 3.1% year-over-year against slowing demand fueled by higher interest rates, prices, and payments and reduced incentive spending.
New-vehicle retail sales are on track to end the first quarter particularly strong, with performance in March continuing the trend from the past several months, according to J.D. Power and Associates and LMC Automotive.
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